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Search Results 0 to 7 of about 8
CNBC
Dec 31, 2012 3:00pm EST
job of deficit reduction through spending cuts alone without asking also equivalent sacrifice from millionaires or companies with a lot of lobbiesists, et cetera. if they think that's how we'll solve this, they've got another thing coming. >> from what we hear the senate republicans have gone along with a tax increase. i can imagine what the president said and what they're talking about is not pleasing to you. >> well, looks like another washington deal and not a fair deal. we've got spending problems. we've got entitlement problems. senate republicans have agreed to tax increases, then i think we're missing out on the real part of the package we need to have. that's dealing with a spending problem. >> would you vote for a deal with these tax increases? >> no, i don't think so. when i look at those numbers, we're still trying to sort through those. it looks like at least a million small businesses will see taxes increase. i have yet to see any small business owner that says you increase my taxes, i'm going to grow the economy, i'm going to hire more people. we suppose we want to be
CNBC
Dec 24, 2012 12:00pm EST
sustainability just isn't right. we can't run trillion dollar deficits for a year and expect to get away with that long term. so i think there is a trade-off here in terms of some penalty to growth next year. longer term there are benefits though and going into the year i think you just have to have maybe a little cash in the portfolio but be looking to put money to work in companies that are going to survive, good balance sheets and consistent profitability. stocks are cheap relative to bonds so i don't want to get too defensive here. >> you were with us at the top of the hour and made clear you were on hold until you see something about a fiscal cliff resolution of some kind. is there nothing you would buy between now and the end of the year? >> nothing. maybe some inverse etfs, bill, quite honestly. i want to see not just fiscal cliff resolution but i want to see q 1 earnings. i'm sorry. q 4 earnings. last quarter's earnings were not all that exciting. we really saw the european effect take hold in a lot of these companies really laboring and a lot have bounced back. i think agai
CNBC
Dec 26, 2012 3:00pm EST
solution that gets at our deficit and reduce our debt everything has to be on the table and we'll deal with it. it's great to have rules. we just like to know what they are so we can make the right investments moving forward. >> even if it puts us in a climate of slow growth, even more slow growth than the economy which would be the kind of a climate where you as a ceo wouldn't want to invest in that anyway, you know what i mean? >> so i think a grand bargain won't create a slow economy. i think it will restore confidence and we'll all invest. we'll know what the rules are and the game plan is. weied be ready to move ahead. we have opportunities to grow all the way around the world. we need to know where to put our capital investment. if we know what the rules are, we'll invest. 60% to 65% of our costs are people and we put people back to work every day. >> you don't expect a grand bargain? >> no. >> meaning? >> a short-term fix and perhaps a recession. they talk about this bungee approach and i don't think that's helpful. let's take it away from american businesses and take it away fr
CNBC
Dec 26, 2012 4:00pm EST
the way they are in the fiscal cliff takes $7.3 trillion out of deficit over ten years, isn't that what we really have to do? it seems to me i would really be interested in investing in american equities if i knew the financial situation was under hold >> you say the ends justify the means, no matter how painful? >> it doesn't matter how painful it is and it will be a short shallow recession if we go into it. if we kick the can down the road as so many of you are saying we hope would happen. that's not what should happen for the long-term future of the country. >> you're saying, come on, folks, let's settle. it won't be that big of a deal. right? >> i do disagree with howard a little bit in that i don't think cutting $7.3 trillion, the way this deal says that we should, is the best way to -- to deal with our long-term budget issues. kind of like, you know, you know you have to lose weight so you starve yourself as opposed to some sort of pragmatic balance of, you know, diet and exercise and this deal doesn't get you to the pragmatic part. the flip side, one, cbo projections about f
CNBC
Dec 31, 2012 4:00pm EST
. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone without asking also equivalent sacrifice from millionaires or companies with a lot of lobbyists, et cetera, if they think that's going to be the formula for how to solve this thing, they've got another thing coming. >> let's get some reaction now with senate john barrasso. have asked vice president biden to come to capitol hill to sell the deal to democratic lawmakers. what do you make of that headline? >> i know the republicans are going to meet at 4:30 this afternoon. all the republicans in the senate to go over the proposal. it sounds like the democrats are as well. but the democrats have been very divided over the level for raising taxes, over how to tax small businesses which are the job makers in this country, as well as the death tax which hits so many small businesses and farms and ranches and job creators. so the democrats are divided. we're going to meet at 4:30 to go over the specifics of the agreement to see if it's something that we will vote for. >> how are you on the re
FOX Business
Dec 31, 2012 3:00pm EST
something that brings down our deficit. okay. great to see you. happy new year. thank you so much. most of the the seiders, our elected officials are in d.c. on this new year's eve with a heat lamp of the media and constituents on them right now. what will they do? we are joined right now. we kept grabbing people. representative, a democrat from california. thank you so much for joining us . we have less than nine hours to go. tell me, what do you think will happen? >> let's be hopeful. let's be hopeful that we did a good, balanced deal. the ceos of looking for a balanced deals. i think there is one to be had. we have to pick a number where we have adequate revenues, somewhere above 250,000. okay. as a number. then on the cut side, keep in mind that in the budget control act of this year we have already well over a trillion, nearly a trillion 3-$400 billion of cuts already to take place. this sequestration is in addition to that. there are serious cuts coming down. they have to be done wisely, and that is why sequestration is a problem because it is not a wise way to make cuts. liz: i k
CNBC
Dec 28, 2012 4:00pm EST
rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit conversations right, treasuries went down and stocks went down. oh, would i love to get back to that type of reality. >> yeah. but you had a different guy at the federal reserve at the time. >> yeah, a different guy, you know, in hindsight he was maybe the monetizer in charge -- in chief, and we get a little historical perspective on that, but as many things that i disagree with alan greenspan on, i thought he was at least more forthright into what he was doing, and even going after the government per se a bit when there were tax issues, all av d avoided by the current chairman ben bernanke, and even though he avoids the conversation, he doesn't avoid giving congress the biggest fire hose in the world filled with free water. >> i love those kind of fire hoses on every corner, please. >> what's that, david? >> bernanke is the most aggressive fed governor we will ever know in the last 40 or 50 years with the monetary stimulation that began in november 2008. >> well her, needed to be? >>
FOX Business
Dec 24, 2012 12:00pm EST
trillion dollars deficit. your earlier guests pointed out we have yet to come up with 2013 budget. which is projected by the democrats. this is really a challenge for fiscal concerns and what will be in the marketplace. ashley: what is your advice, what is the best way to play this? >> three things are imperative, let's start with the non-gold plate, very underappreciated allocations come into 2013. i think you may have some opportunities to buy things on the cheap in 22013 and 2014. i would allocate to the minors who have woefully underperformed embarrassingly underperformed. at 30-year lows relative to gold, so they get bit of catch-up if we do see the 2000 mark, you're going to see shares interested in that space, bringing out gold and silver do very well in that context. ashley: why is it they have lagged behind, what is the reason? >> the substitute from the exchange traded funds have captured a huge amount of interest and you are not taking accounting risk, you're not taking nationalization risk for all the risks that go into regular company or something as bad as a mining company.
Search Results 0 to 7 of about 8